Tenon Return On Equity from 2010 to 2024
| TNON Stock | USD 5.47 0.44 8.75% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (20.03) | Current Value (19.03) | Quarterly Volatility 6.91004522 |
Check Tenon Medical financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tenon Medical's main balance sheet or income statement drivers, such as Depreciation And Amortization of 303.8 K, Interest Expense of 19.9 K or Selling General Administrative of 3.9 M, as well as many indicators such as Price To Sales Ratio of 7.44, Dividend Yield of 0.0 or PTB Ratio of 30.95. Tenon financial statements analysis is a perfect complement when working with Tenon Medical Valuation or Volatility modules.
Tenon | Return On Equity |
Latest Tenon Medical's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Tenon Medical over the last few years. Return on Equity is the amount of Tenon Medical net income returned as a percentage of Tenon Medical equity. Return on equity measures Tenon Medical profitability by revealing how much profit Tenon Medical generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Tenon Medical's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Tenon Medical's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported -15.99 | 10 Years Trend |
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Return On Equity |
| Timeline |
Tenon Return On Equity Regression Statistics
| Arithmetic Mean | (2.64) | |
| Coefficient Of Variation | (261.64) | |
| Mean Deviation | 4.56 | |
| Median | 0.20 | |
| Standard Deviation | 6.91 | |
| Sample Variance | 47.75 | |
| Range | 20.4001 | |
| R-Value | (0.63) | |
| Mean Square Error | 31.17 | |
| R-Squared | 0.39 | |
| Significance | 0.01 | |
| Slope | (0.97) | |
| Total Sum of Squares | 668.48 |
Tenon Return On Equity History
About Tenon Medical Financial Statements
Tenon Medical investors utilize fundamental indicators, such as Return On Equity, to predict how Tenon Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (20.03) | (19.03) |
Pair Trading with Tenon Medical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tenon Medical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tenon Medical will appreciate offsetting losses from the drop in the long position's value.Moving against Tenon Stock
| 0.45 | CAH | Cardinal Health | PairCorr |
| 0.4 | HCA | HCA Holdings | PairCorr |
| 0.39 | THC | Tenet Healthcare | PairCorr |
| 0.38 | OMI | Owens Minor | PairCorr |
The ability to find closely correlated positions to Tenon Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tenon Medical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tenon Medical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tenon Medical to buy it.
The correlation of Tenon Medical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tenon Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tenon Medical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tenon Medical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Information and Resources on Investing in Tenon Stock
When determining whether Tenon Medical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tenon Medical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tenon Medical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tenon Medical Stock:Check out the analysis of Tenon Medical Correlation against competitors. To learn how to invest in Tenon Stock, please use our How to Invest in Tenon Medical guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tenon Medical. If investors know Tenon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tenon Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (26.64) | Revenue Per Share 9.442 | Quarterly Revenue Growth 0.213 | Return On Assets (1.10) | Return On Equity (15.99) |
The market value of Tenon Medical is measured differently than its book value, which is the value of Tenon that is recorded on the company's balance sheet. Investors also form their own opinion of Tenon Medical's value that differs from its market value or its book value, called intrinsic value, which is Tenon Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tenon Medical's market value can be influenced by many factors that don't directly affect Tenon Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tenon Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenon Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenon Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.